RALEIGH, N.C.--(BUSINESS WIRE)--Nov. 8, 2017--
Regency Centers Corporation (“Regency” or the “Company”) (NYSE:REG), a
national owner, operator, and developer of grocery-anchored shopping
centers has acquired approximately 22 acres in the Midtown neighborhood
of Raleigh, NC.
The project, named “Midtown East,” will feature a 170,000 square-feet
shopping center including a Wegmans grocery store and 54,000 square feet
of additional retail. The Wegmans at Midtown East is currently scheduled
to be the first store in the grocery’s chain to open in the state of
North Carolina. The project is scheduled to open during the summer of
2019.
“Having the first Wegmans to open in North Carolina will set Midtown
East apart. Customers will drive from every part of the Triangle to
discover Wegmans’ European Food Hall experience,” said Chris Widmayer,
Vice President of Investments at Regency Centers. “They will return to
enjoy the experience we are creating and amazing retailers we are
attracting at Midtown East.”
The center is strategically located at the regional intersection of Wake
Forest Road and I-440, and features easy access to North Raleigh,
Midtown, and Downtown. The regional sub-market is already home to Costco
and Trader Joe’s.
Midtown East is a joint venture between Regency Centers and ITB
Holdings, LLC, a group of local investors.
For leasing inquiries, please contact Annie Dlugokecki at anniedlugokecki@regencycenters.com,
or Tiffany Barrier at tiffany.barrier@cbre-raleigh.com.
About Regency Centers Corporation (NYSE:REG)
Regency Centers is the preeminent national owner, operator, and
developer of shopping centers located in affluent and densely populated
trade areas. Our portfolio includes thriving properties merchandised
with highly productive grocers, restaurants, service providers, and
best-in-class retailers that connect to their neighborhoods,
communities, and customers. Operating as a fully integrated real estate
company, Regency Centers is a qualified real estate investment trust
(REIT) that is self-administered, self-managed, and an S&P 500 Index
member. For more information, please visit regencycenters.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171108005132/en/
Source: Regency Centers Corporation
Regency Centers Corporation
Eric Davidson, 904-598-7829
Communications
Manager
EricDavidson@RegencyCenters.com
or
Chris
Widmayer, 919-831-4904
Vice President, Investments
ChrisWidmayer@RegencyCenters.com